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Ia is a 42-year-old married woman from the village of Shalauri in the Telavi district. She has a big family with seven members and some of them are employed. Ia is a nurse and monthly gets 170 GEL. Ia's son is a taxi driver, and her mother-in-law gets monthly assistance from the local government.

Her husband is a driver at a private company and monthly generates 150 GEL. His income will significantly increase with the help of the requested loan. Ia will purchase a special tractor for her husband and it will enable him to get private orders. This business is really profitable in this region and he thinks he could improve the living conditions of family. Ia and her family members rely on the good will of the lenders and will highly appreciate their help.

Additional Information

More information about this loan

This loan is part of Credo's startup loan program targeting particularly vulnerable clients who live at the subsistence level and have been unable to obtain credit due to lack of income from an existing business. This program offers them a longer repayment term and an annual interest rate that is 5% lower than the standard interest rate. By funding this loan, you are supporting a program that gives borrowers a second chance to start and grow small businesses. This has the potential to alleviate the effects of poverty, significantly improving borrowers' incomes and their families' quality of life. Learn more about Credo's startup loan program on the Kiva Blog.

About LLC Micro Finance Organization Credo

LLC Credo (Credo) is a microfinance organization in Georgia that provides sustainable credit services to alleviate poverty in rural areas, including business loans, agriculture loans, household loans, crop insurance and more. Kiva lenders’ funds are used to help the organization expand its outreach to even more entrepreneurs, farmers and households in remote areas.


About Georgia

  • $6,100
    Average annual income
  • 39
    View loans »
    Georgia Loans Fundraising
  • $7,802,825
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $5,000 helped Ia to purchase special tractor.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Jan 27, 2014
Feb 24, 2014
Currency Exchange Loss:
Jun 17, 2015